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Dec 12, 2012
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. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this year and talk to a few other people and chance to go to the rodeo and see my family. >> eric: that's nice. >> dana: that's it? "that's nice." >> kimberly: it sundays fun. you know how to ride a horse. >> bob: ride a bull. >> dana: we
. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to...
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Dec 12, 2012
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time for the daily fiscal cliff update as much as i am bored to tears with this story. bored. bored horrible. they will get something done. or they're not. tenth days from potential economic crisis leading republicans warn lawmakers no one is leaving washington, dc, for the holidays, until a deal is done. that would probably include wendell. who is the grinch? >>reporter: house majority cantor who is predicting lawmakers may stay until christmas and come back between christmas and new years. doesn't seem to have been much progress since the first post election face-to-face talks between the president and speaker boehner on sunday but aides say the president is eager for a compromise but at the same time they defended his public prediction that speaker boehner will give up trying to extend the public administration's upper income tax cuts. >> the president predicted the speaker boehner would not want to hold a position and that republicans in general would not want to maintain a position that would result in everyone's taxes going up because of their insistence that the wealthi
time for the daily fiscal cliff update as much as i am bored to tears with this story. bored. bored horrible. they will get something done. or they're not. tenth days from potential economic crisis leading republicans warn lawmakers no one is leaving washington, dc, for the holidays, until a deal is done. that would probably include wendell. who is the grinch? >>reporter: house majority cantor who is predicting lawmakers may stay until christmas and come back between christmas and new...
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like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business channels running twenty four hours a day and it's good news nothing else is happening we're already caught in one so we move on and we just talk about the fiscal cliff correct i always carry every body everybody in their system even though nothing's really going to change because the economy sucks anyway oh i think it'll change i just don't think they're going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crowd out of the for a while realistically n
like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas...
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Dec 10, 2012
12/12
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they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the other side wouldn't accept the revenues. >> reporter: a lot of folks on both sides feel like this is critical week. we're getting close to the end of the year. you need to give lawmakers a chance to put whatever deal it nice legislative language and sell to constituents and ultimately vote on it and hopefully send it to the president's desk. jon. jon: we'll see what happens. not a lot of time left. mike emanu
they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >>...
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Dec 1, 2012
12/12
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CNNW
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a look back now at the week that was. >> the fiscal cliff, now just 34 days away. >> we only have a couple weeks to get something done. >> listen, this is not a game. >> you'll sign this bill as soon as congress sends it my way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing "gangnam style" for us this morning. >> money, politics and the mix dominated this week that was. the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significan
a look back now at the week that was. >> the fiscal cliff, now just 34 days away. >> we only have a couple weeks to get something done. >> listen, this is not a game. >> you'll sign this bill as soon as congress sends it my way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing...
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Dec 9, 2012
12/12
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cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >> reporter: thanks. >> an update on the developing story we have been following out of southern california. the tolare county sheriffs department has a suspect in custody in a shooting that killed three people and injured two, including two children. the person they identified as the suspect, hector solia was tracked with his cell phone. he refused to stop his car. deputies then opened fire and shot back and he is in the hospital with life-threatening injuries. the shooting victims other than found after someone made a call to 911,
cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >>...
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Nov 25, 2012
11/12
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we have the fiscal cliff looming, we have unemployment still. very stubbornly, at highs. people don't have as much money. they have more time. but they don't have more money and they have a lot of uncertainty. >> with all of that, the shoppers just get even more stages. and then, there is this. of course, the retailers are tracking this, the shoppers are smarter. they don't have a lot of money, they have more time to spend t. they are tracking this. what's the takeaway for the retailers. >> retailers have to learn to adapt. they are learning to adapt to online sales. they are not just saying, we open our door, big deal busters, they are staggering them. basically, it's more safe. but they can bring in more people for different things. there is one advantage that brick-and mortar stores have. they can say, basically, here's a big deal. we are going to sell this big tv for $400 less. they bring in people. then people look around. they see, maybe i need this. they pick up that. for cyber-shoppers, basically, they go in for one thing, there is no real browsing, as much as it
we have the fiscal cliff looming, we have unemployment still. very stubbornly, at highs. people don't have as much money. they have more time. but they don't have more money and they have a lot of uncertainty. >> with all of that, the shoppers just get even more stages. and then, there is this. of course, the retailers are tracking this, the shoppers are smarter. they don't have a lot of money, they have more time to spend t. they are tracking this. what's the takeaway for the retailers....
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Dec 8, 2012
12/12
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in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is tha
in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course,...
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Dec 22, 2012
12/12
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we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are both positive and feel something can get done. while both sides are away, the away and president in hawaii, can they get something done? >> reporter: well, look, richard, this will be a working vacation for president obama and i can also tell you that staffers on both sides of pennsylvania avenue will be in talks over the next several days despite the fact that they are technically on vacation. will they be able to get manage done that is significant over the next several days? probably not. but of course, lawmakers will head back to d.c. after the christmas
we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are...
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Nov 25, 2012
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will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescribed ed treatment is right for you. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ mal
will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing,...
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Nov 22, 2012
11/12
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CNNW
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the other question, this has been talked about as a fiscal cliff, but i later heard it described as a potential stair case, where there will be stages, rather than just one deal that ends it all. this may be something where it comes down a little bit more gradually. and you have republicans who want to say let's pass legislation now. we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings for everybody. so the question is, what does this opening move look like. i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our politicians to come back afterwards and just get some deals done. thank you both very much for joining me. >> thank you for having us. >> and we'll be right back. con- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total
the other question, this has been talked about as a fiscal cliff, but i later heard it described as a potential stair case, where there will be stages, rather than just one deal that ends it all. this may be something where it comes down a little bit more gradually. and you have republicans who want to say let's pass legislation now. we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings...
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Nov 26, 2012
11/12
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will the coming fiscal cliff put a damper on consumers and investments? >> chris: for all of you who survived black friday, here's something new to worry about. christmas is one month from today. a week after that, if nothing gets done here in washington, we all go over the fiscal cliff. what does that mean for shoppers and investors in the final days of 2012? we turn to matthew shay, president and c.e.o. of the national retail federation and from newton, massachusetts, john sweeney, executive vice president of fidelity investments. mr. shay, what can you tell us about holiday shopping this long thanksgiving holiday weekend? are people buying? >> it looks like people are buying. the data looks like we had a very business, successful weekend. we know a number of retailers opened earlier, open on thanksgiving, and retailers have been piloting that the last three years. 24% of shoppers were out on thanksgiving by midnight. the numbers will show we did better. we're predicting a 4% increase over sales. last year we did 5.5% actual. i'm not sure we'll hit that
will the coming fiscal cliff put a damper on consumers and investments? >> chris: for all of you who survived black friday, here's something new to worry about. christmas is one month from today. a week after that, if nothing gets done here in washington, we all go over the fiscal cliff. what does that mean for shoppers and investors in the final days of 2012? we turn to matthew shay, president and c.e.o. of the national retail federation and from newton, massachusetts, john sweeney,...
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Dec 5, 2012
12/12
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KQED
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the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republ
the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding...
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Nov 26, 2012
11/12
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the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that they're willing to compromise. that includes republicans who've been softening their stance on raising taxes. senator dick durbin, democrat from illinois, weighed in on abc's "this week." >> from my side of the table, bring entitlement reform into the conversation. social security sed aside. doesn't add to the deficit. but when it comes to medicare and medicaid, protect the integrity of the program but give it solvency for more and more years. >> congressman bill pascrell is a democrat from new jersey. thank you for talking with us. >> soledad, how are you this morning? >> i'm really well, thank you. i've had man
the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that...
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Nov 24, 2012
11/12
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that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> every
that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle...
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Dec 2, 2012
12/12
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cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint. unspecified. unspecified means it won't ever happen. >> jamie: what do you expect to happen given the fact that speaker boehner says that the white house is not willing to compromise on anything. if you are an american and you are sitting at home, maybe you are relying on entitlements. do you think both sides will have to cut entitlements and which ones? >> guest: entitlement reform will have to become part of a comprehensive approach early in the next year. i don't think in the holiday period you will be able to sort
cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint....
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Nov 20, 2012
11/12
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address the deficit situation and the fiscal cliff in a way that is fair. what proposal do you have moving forward knowing the way that the hill works right now? what do you think could work best to do something with that front? >> well, you see when you say knowing the way the hill works, what you're really saying knowing that the hill is dominated by campaign contributors, lobbyists and wealthy individuals. what can we accomplish? well, that's one way of looking at it, thomas. the other way of looking at it is very radical. do what the american people want. have the president go out to every -- to the red states. if you go to oklahoma or mississippi and you ask people in those states, should we continue to give tax breaks to billionaires and cut social security, medicare and medicaid, you know what will they say in the reddest of red states? that's crazy, we shouldn't do it. in the last two budget negotiations in 2010 and 2011 democrats made huge concessions. extended bush's tax breaks for the rich, lowered the estate tax for the wealthiest people. what t
address the deficit situation and the fiscal cliff in a way that is fair. what proposal do you have moving forward knowing the way that the hill works right now? what do you think could work best to do something with that front? >> well, you see when you say knowing the way the hill works, what you're really saying knowing that the hill is dominated by campaign contributors, lobbyists and wealthy individuals. what can we accomplish? well, that's one way of looking at it, thomas. the other...
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Dec 1, 2012
12/12
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. >> the fiscal cliff now just 34 days away. >> we only have a couple weeks to get something done. >> this is not a game. >> i'll sign this bill as soon as congress sends it me way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing gangnum style for us this morning. >> the week centered on a big worry. >> this fiscal cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not
. >> the fiscal cliff now just 34 days away. >> we only have a couple weeks to get something done. >> this is not a game. >> i'll sign this bill as soon as congress sends it me way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing gangnum style for us this morning. >> the week...
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Dec 5, 2012
12/12
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. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped weaker than expected. the ftse up a quarter a percent. the ibex up around .2. also dragged down by disappointing retail sales. that's where we stand right now ahead of the u.s. o
. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks,...
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Nov 26, 2012
11/12
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and, a week after that, if nothing gets done here in washington, we all go over the fiscal cliff. what does that mean for shoppers, and investors, in these final days of 2012? for answers, we turn to matthew shay, president and ceo of the national retail federation and from newton, massachusetts, john sweeney, executive vice president of fidelity investments. mr. shay, what can you tell us about holiday shopping this long thanksgiving holiday weekend? are people buying? >> well, it looks like people are buying. the data we have got so far looks like we had a very busy, a very successful weekend. we know a number of retailers opened earlier. the they were open on thanksgiving and retailers have been piloting that the last three years and 24% who went out on the entire weekend were out on thanksgiving by midnight and i think the numbers will show, this year we did better than that. and we are predicting about 4% increase, in sales, over last year. last year we did 5.5% actual and that was very good, and, i'm not sure he'll hit the number but when we did the 4% forecast, it was pre-e
and, a week after that, if nothing gets done here in washington, we all go over the fiscal cliff. what does that mean for shoppers, and investors, in these final days of 2012? for answers, we turn to matthew shay, president and ceo of the national retail federation and from newton, massachusetts, john sweeney, executive vice president of fidelity investments. mr. shay, what can you tell us about holiday shopping this long thanksgiving holiday weekend? are people buying? >> well, it looks...
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Dec 26, 2012
12/12
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. >>> first president obama cutting vacation short to deal with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. from the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed hen
. >>> first president obama cutting vacation short to deal with the dreaded fiscal cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again?...
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Dec 17, 2012
12/12
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first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come out of the negotiations to avoid the cliff. they've been saying it publicly, but from my two trips down there, they're saying it privately to me, too. that certainly sounds worrisome, right? but it's exactly the backdrop this stock market needs. think about the journey we've taken. we needed to go from extreme optimism, where we were originally about a deal, to a degree of optimism, where we've been just a couple of weeks ago, to a recognition that the president has said, look, i ran on higher taxes for the rich, not spending cuts. so we're going over the cliff. and i'll show you, republi
first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come...
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like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to reelecting. people that don't do their job. which is all of them you know in a word yes yes they're much more concerned with their own agendas and their own you know ties that they were already got there used to be there was a thought at one time that the incumbent should never be reelected and it doesn't mean anyone at the top or the bottom and should be everyone should have one term and that's it if they're not really trying to work together three business channels or in twenty four hours a day and it's good news nothing else is happening we alread
like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal...
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Nov 27, 2012
11/12
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jon: chris, like simon, some democrats said going over the fiscal cliff wouldn't be such a bad thing maybe for the short run. what do you think? >> i think woe be a huge mistake for the country. nothing else what happens with military sequestration. we have challenges with national security. we live in uncertain world where you can't allow that to occur. one thing i have to point out you can't raise taxes enough to prevent what is about to happen here and stop the deficits from moving forward. i think that is the one thing that has to be understood by democrats, you can't do this through increasing taxes. there has to be serious spending cuts put on the table. when you take those off the table before we get started it puts the process in jeopardy. jon: good discussion, chris wilson, simon rosenberg, thank you both. >> sure. jenna: for a fox extreme weather alert, a fast moving system bringing wintry weather as you see outside of our studio in new york city across the big section of the country today. there is rain, and snow already falling on the east coast. some places they say coul
jon: chris, like simon, some democrats said going over the fiscal cliff wouldn't be such a bad thing maybe for the short run. what do you think? >> i think woe be a huge mistake for the country. nothing else what happens with military sequestration. we have challenges with national security. we live in uncertain world where you can't allow that to occur. one thing i have to point out you can't raise taxes enough to prevent what is about to happen here and stop the deficits from moving...
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Dec 7, 2012
12/12
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then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and firefighters. union members say it attacks their foundation and in all places, michigan, the cradle of organized labor. >> you will have people that will be working right alongside of you that will not have to pay union dues that you pay union dues but will still be able to get all the benefits from being a union member. >> reporter: unlike the drawnout labor standoffs we have seen. this moved rapidly through the legislature durin
then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not...
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Dec 23, 2012
12/12
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to avoid the fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. when we return, long-time boehner ally and fellow ohioan steven latourette and south carolina's mick mulvaney. d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here y
to avoid the fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. when we return, long-time boehner ally and fellow ohioan steven latourette and south carolina's mick mulvaney....
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speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for
speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want....
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Nov 21, 2012
11/12
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. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's last stand? >> we can only hope. look, i think republicans should just say sign the pledge for the last election. not for this congress. it expired. there's only 39 of the 40 top senators and republicans -- six are freed. let his people go, grover. let your people go. >> jennifer: he ain't going to let them go. all of this is occurring in the context of the fiscal cliff negotiations and what lind
. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham...
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Dec 1, 2012
12/12
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the video follows what amounted to a campaign event yesterday for the fiscal cliff. the election's over. the president and democrats won. is this effort sort of a redundancy that maybe counterproductive? >> no. look, i think its something that a lot of us wanted to see the president do actually in the first term. you may remember there was some talk about this kind of outside end strategy. he did it when he introduced the jobs act. he did it on the payroll tax cut the last time. that is engage the american people in the process. let them know what's going on here in washington and let their voices be heard so that we're not just having meetings in back rooms kind of cutting deals, which some of that's going to happen. let's not kid ourselves. but that also when people go in those rooms to cut those deals they do feel the pressure of what the american people want to see happen. >> yeah. let's hope they are making those deals. i tell you on the surface of it right now, no, it's not happening. look at the republicans, tony. they scoffed at the white house proposal. mitc
the video follows what amounted to a campaign event yesterday for the fiscal cliff. the election's over. the president and democrats won. is this effort sort of a redundancy that maybe counterproductive? >> no. look, i think its something that a lot of us wanted to see the president do actually in the first term. you may remember there was some talk about this kind of outside end strategy. he did it when he introduced the jobs act. he did it on the payroll tax cut the last time. that is...
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Dec 4, 2012
12/12
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, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share
, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington...
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Dec 5, 2012
12/12
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what they want to see from this fiscal cliff issue, what they do instead is attack, attack, attack, smear, hate, but we don't hear specifics because if they actually admitted what they stand for, it would scare most persons. 91% tax brackets, you know. >> maybe we should do a segment on what they really believe. howard dean wants the country over the fiscal cliff. let's go to leftist talker randy rhodes. she had some very nice things to say obviously false about the nra. listen to this. >> i swear to you, the nra has this conspiracy floating that obama is a muslim brother hood creature that he's trying to get a third term like he's, i don't know, mayor bloc bloomberg. you better stock up on your guns anyway because he might do it, he just might do it, you just can't not buy a gun. what would jesus buy? there's a war on christmas. yeah. the people with the guns are waging it. it's very weird. >> very bizarre. i mean, is this -- how do you listen to hours of this vitriol. >> it's torture, but there's a bubble out there. there's a progressive bubble. you go to parts of the bay area or whatev
what they want to see from this fiscal cliff issue, what they do instead is attack, attack, attack, smear, hate, but we don't hear specifics because if they actually admitted what they stand for, it would scare most persons. 91% tax brackets, you know. >> maybe we should do a segment on what they really believe. howard dean wants the country over the fiscal cliff. let's go to leftist talker randy rhodes. she had some very nice things to say obviously false about the nra. listen to this....